Estonia’s Piletilevi Group Continues Its Eastern European Expansion With The Acquisition Of Two Polish Ticketing Companies

WARSAW (CelebrityAccess) – Estonian ticketing firm Piletilevi Group introduced a significant growth in Poland following the acquisition of a majority stake in two Polish ticketing firms – kicket and Biletomat.

The mergers will propel Piletilevi Group to change into one of many largest ticketing firms in each Poland in addition to Jap Europe, the corporate mentioned.

“With this transaction, Piletilevi Group now owns a 77 % stake within the firms being bought, which can improve to 83.8 % by 2026,” Sven Nuutmann, co-owner and CEO of Piletilevi Group acknowledged.

“We now face the duty of successfully connecting the businesses which can be being bought and our present firm GoOut Poland, in order that one of the best functionalities of Piletilevi Group and the brand new companions attain all our prospects as rapidly as attainable,” Nuutmann mentioned.

“A ticketing system that has uniform requirements and is linked throughout international locations will considerably enhance worldwide cultural trade,” Nuutmann mentioned, including that the circumstances provided to occasion organizers to date will stay legitimate even after the merger of the businesses,” he added.

Based on Piletilevi Group, the offers, which had been signed into impact on Tuesday, had been co-financed by SEB Financial institution and comply with related offers that included the 2023 buy of Romania’s Bilete.ro in addition to Czech market chief GoOut.internet.

“Our ambitions will not be restricted to this and we’ve got at current began preparations to amass firms in two extra international locations,” Nuutmann mentioned.